Capital Investment Advisors LLC Purchases 407 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Capital Investment Advisors LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 218,268 shares of the financial services provider’s stock after buying an additional 407 shares during the quarter. JPMorgan Chase & Co. makes up 1.1% of Capital Investment Advisors LLC’s portfolio, making the stock its 23rd biggest position. Capital Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $52,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $27,000. Fairway Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth $32,000. West Financial Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $37,000. Finally, New England Capital Financial Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 50 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.1 %

NYSE:JPM traded up $2.66 during trading hours on Monday, reaching $242.53. The company had a trading volume of 3,594,778 shares, compared to its average volume of 8,502,270. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market cap of $682.80 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 3.54 and a beta of 1.11. The business’s 50-day simple moving average is $241.59 and its two-hundred day simple moving average is $222.88.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period last year, the business posted $4.33 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent research reports. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Royal Bank of Canada lifted their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Piper Sandler increased their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $245.83.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.